Korea Refract (Korea) Market Value

010040 Stock   2,160  10.00  0.46%   
Korea Refract's market value is the price at which a share of Korea Refract trades on a public exchange. It measures the collective expectations of Korea Refract investors about its performance. Korea Refract is trading at 2160.00 as of the 28th of February 2025, a 0.46 percent down since the beginning of the trading day. The stock's open price was 2170.0.
With this module, you can estimate the performance of a buy and hold strategy of Korea Refract and determine expected loss or profit from investing in Korea Refract over a given investment horizon. Check out Korea Refract Correlation, Korea Refract Volatility and Korea Refract Alpha and Beta module to complement your research on Korea Refract.
Symbol

Please note, there is a significant difference between Korea Refract's value and its price as these two are different measures arrived at by different means. Investors typically determine if Korea Refract is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Korea Refract's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Korea Refract 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Korea Refract's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Korea Refract.
0.00
12/30/2024
No Change 0.00  0.0 
In 2 months and 2 days
02/28/2025
0.00
If you would invest  0.00  in Korea Refract on December 30, 2024 and sell it all today you would earn a total of 0.00 from holding Korea Refract or generate 0.0% return on investment in Korea Refract over 60 days. Korea Refract is related to or competes with ITM Semiconductor, Sejong Industrial, SungMoon Electronics, Eagon Industrial, MetaLabs, Sungmoon Electronics, and Songwon Industrial. More

Korea Refract Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Korea Refract's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Korea Refract upside and downside potential and time the market with a certain degree of confidence.

Korea Refract Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Korea Refract's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Korea Refract's standard deviation. In reality, there are many statistical measures that can use Korea Refract historical prices to predict the future Korea Refract's volatility.
Hype
Prediction
LowEstimatedHigh
2,1592,1602,161
Details
Intrinsic
Valuation
LowRealHigh
2,0722,0742,376
Details
Naive
Forecast
LowNextHigh
2,2082,2092,210
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
2,0662,1352,204
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Korea Refract. Your research has to be compared to or analyzed against Korea Refract's peers to derive any actionable benefits. When done correctly, Korea Refract's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Korea Refract.

Korea Refract Backtested Returns

At this point, Korea Refract is very steady. Korea Refract has Sharpe Ratio of 0.1, which conveys that the firm had a 0.1 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Korea Refract, which you can use to evaluate the volatility of the firm. Please verify Korea Refract's Risk Adjusted Performance of 0.079, downside deviation of 1.54, and Mean Deviation of 1.07 to check out if the risk estimate we provide is consistent with the expected return of 0.15%. Korea Refract has a performance score of 7 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0164, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Korea Refract are expected to decrease at a much lower rate. During the bear market, Korea Refract is likely to outperform the market. Korea Refract right now secures a risk of 1.48%. Please verify Korea Refract coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Korea Refract will be following its current price movements.

Auto-correlation

    
  -0.15  

Insignificant reverse predictability

Korea Refract has insignificant reverse predictability. Overlapping area represents the amount of predictability between Korea Refract time series from 30th of December 2024 to 29th of January 2025 and 29th of January 2025 to 28th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Korea Refract price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Korea Refract price fluctuation can be explain by its past prices.
Correlation Coefficient-0.15
Spearman Rank Test-0.1
Residual Average0.0
Price Variance1211.5

Korea Refract lagged returns against current returns

Autocorrelation, which is Korea Refract stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Korea Refract's stock expected returns. We can calculate the autocorrelation of Korea Refract returns to help us make a trade decision. For example, suppose you find that Korea Refract has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Korea Refract regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Korea Refract stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Korea Refract stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Korea Refract stock over time.
   Current vs Lagged Prices   
       Timeline  

Korea Refract Lagged Returns

When evaluating Korea Refract's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Korea Refract stock have on its future price. Korea Refract autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Korea Refract autocorrelation shows the relationship between Korea Refract stock current value and its past values and can show if there is a momentum factor associated with investing in Korea Refract.
   Regressed Prices   
       Timeline  

Pair Trading with Korea Refract

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Korea Refract position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Korea Refract will appreciate offsetting losses from the drop in the long position's value.

Moving against Korea Stock

  0.5373220 LG Energy SolutionPairCorr
  0.46007460 Aprogen KICPairCorr
The ability to find closely correlated positions to Korea Refract could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Korea Refract when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Korea Refract - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Korea Refract to buy it.
The correlation of Korea Refract is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Korea Refract moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Korea Refract moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Korea Refract can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Korea Stock

Korea Refract financial ratios help investors to determine whether Korea Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Korea with respect to the benefits of owning Korea Refract security.